Markel Group (MKL) Scheduled to Post Earnings on Wednesday

Markel Group (NYSE:MKL) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Markel Group to post earnings of $18.50 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, topping the consensus estimate of $23.58 by $32.90. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.75 billion. On average, analysts expect Markel Group to post $80 EPS for the current fiscal year and $99 EPS for the next fiscal year.

Markel Group Trading Down 1.0 %

NYSE MKL opened at $1,436.52 on Monday. Markel Group has a twelve month low of $1,272.43 and a twelve month high of $1,560.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $18.73 billion, a price-to-earnings ratio of 9.77 and a beta of 0.70. The firm’s 50 day moving average price is $1,483.67 and its two-hundred day moving average price is $1,444.36.

Analyst Ratings Changes

Several research firms have weighed in on MKL. Jefferies Financial Group cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,475.00 price objective on shares of Markel Group in a research report on Friday, February 2nd. Finally, Janney Montgomery Scott reissued a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,450.00.

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was bought at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the purchase, the chief executive officer now directly owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the purchase, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A. Lynne Puckett acquired 72 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the purchase, the director now owns 960 shares in the company, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. Company insiders own 1.71% of the company’s stock.

Markel Group Company Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.